Property Attributes
- MLS#12061071
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Austin
- Zip60644
- Style
- Year Built1964
- Taxes$ 2673
- Price$ 499,000
- Bedrooms8
- Full Bathrooms4
- Half Bathrooms0
- Lot Size0.07 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
This investment opportunity presents a well-maintained all-brick 4-flat building generating $60k in annual rental income from Section-8 tenants. Each of the four 2-bedroom, 1-bathroom units includes a separate basement for tenant storage and washer/dryer hookups. With low property taxes and tenants responsible for utilities, the property offers immediate returns and long-term growth potential. It's turnkey, suitable for investors at any experience level. FHA loan potential for owner occupied investor with 3.5% down payment.
Price History | |
---|---|
5/20/2024 | Listed $509,000 |
6/13/2024 | 2% - $499,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Natural Gas |
Possession | Closing |
Year Built | 1964 |
Township | West Chicago |
Tax Year | 2022 |
Percent Ownership | Fee Simple |
Community Features | Street Lights,Street Paved |
County | Cook |
New Construction | No |
Property Type | Residential Income |
Total Rooms | 16 |
Status | Price Change |
Directions | N Menard Ave between W Washington Blvd and W West End Ave |
City | Chicago |
High School District | 299 |
MLS Area | CHI - Austin |
Waterfront Y/N | No |
Tax Annual Amount | 2673.65 |
Days on Market | 25 |
Standard Status | Active |
Middle/Junior School District | 299 |
Elementary School District | 299 |
Property Type | Two to Four Units |
Interior Features
Basement | Full |
---|---|
Total Bedrooms | 8 |
Total Baths | 4 |
Bedrooms Possible | 8 |
Basement | Unfinished |
Bathroom | Soaking Tub |
Full Baths Building | 4 |
Total Number of Units | 4 |
Exterior Features
Water Source | Lake Michigan |
---|---|
Total Parking | 2 |
Lot Dimensions | 3205 |
Lot Size Acres | 0.07 |
Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool